Illustration of U.S. and China flags with a handshake in front, the TikTok logo centered, a doge meme image in the background and a bar chart rising on the right, symbolizing the TikTok Oracle deal, meme culture and shifting social media metrics.
The TikTok Oracle deal and the rise of meme culture highlight how control of platforms shapes not just marketing, but the way audiences see the world
by Jessi Healey Sep 21
Pennymac takes a stake in Vesta, launches non-QM mortgages
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
by Matt Carter Sep 8
Brookfield Properties said to be acquiring Divvy Homes in 'fire sale'
Valued at $2B in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year
by Matt Carter Jan 13
Adam Neumann expands real estate empire with Miami condos
The WeWork founder had been set to focus on apartments with a new mysterious company called Flow. He has since added the condos and invested in an Israeli real estate firm
by Taylor Anderson Oct 2
Setpoint lands $31M in Series B funding led by 645 Ventures
Since launching in 2021 as the 'Stripe of real estate,' Setpoint has expanded into additional asset-backed lending lines including auto, consumer and small business
by Matt Carter Aug 14
An image of hands on a laptop keyboard with a digital overlay to represent AI for brokerage operations.
Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped develop a cloud-based, API-driven generative AI platform
by Matt Carter May 6
Marc Andreessen lists Atherton mansion for $33.475M
The Andreessens have owned the home since 2007. The couple also recently purchased several parcels in Malibu, suggested a switching of allegiances to Southern California
by Lillian Dickerson Mar 19
Flyhomes announces 3rd round of layoffs since 2022
The Seattle-based brokerage and mortgage lender announced another round of layoffs on Friday. Flyhomes had layoffs in July and November 2022, with one round impacting 20% of its workforce
by Marian McPherson Dec 19
Adam Neumann’s secretive new apartment scheme is now live
The WeWork founder quietly scooped up $1B worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know
by Taylor Anderson Dec 12
Divvy Homes letting 95 employees go, including senior managers
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
by Matt Carter Sep 11
Mystery solved: The Silicon Valley entity behind Flannery Associates
Over the past 6 years, a mysterious entity known only as Flannery Associates quietly scooped up nearly $900M in farmland outside the Bay Area. Now investors behind the plan have been revealed
by Taylor Anderson Aug 30
Gavel over one hundred dollar bills represents Newrez' settling a complaint
The company intends to sell 'substantially all of its assets,' including its technology platform to pay creditors that include thousands of retail investors
by Matt Carter Jun 28
Financial services firm Setpoint acquires due diligence startup
Resolute Diligence Solutions specifically focuses on due diligence for single-family rentals and for residential transition loans and will help Setpoint beef up its technology platform
by Jim Dalrymple II May 22
Real estate funding startup Setpoint rakes in $43M in Series A round
The funds came from a variety of investors, including Andreessen Horowitz, Fifth Wall, 645 Ventures and others. The funding is notable for coming amid a cooling housing market
by Jim Dalrymple II Dec 7
Venture capital firm behind Airbnb and Flow is now a landlord
As part of making its largest investment ever in WeWork founder’s new real estate empire, Andreessen Horowitz obtained a share in thousands of apartment units, reports say
by Taylor Anderson Sep 13